Stimulus Check Update: Stimulus Checks Provide a Shocking Amount of Extra Cash

Stimulus Check Update: Stimulus Checks Provide a Shocking Amount of Extra Cash

During the COVID-19 pandemic, the federal government authorized multiple stimulus checks. This money went to millions of eligible Americans, and new data suggests that it made a huge and lasting impact on the financial lives of individuals across the country. Specifically, data from the Federal Reserve has revealed a major increase in the aggregate amount of cash that Americans have on hand.